Guideline Value for BALAJI NAGAR

Balaji Nagar guideline value

The current guideline value of Balaji Nagar, located in Kolapalore village, is Rs 200 per sq.ft, effective from the 2024 revision. This area falls under the Gobichettipalayam Joint I SRO and is classified as Residential Special Type - I.

How the guideline value of Balaji Nagar has changed

Looking at the revisions, the guideline value for Balaji Nagar was Rs 200 per sq.ft in the 2023 revision, which remains unchanged in the 2024 revision. Prior to that, the 2017 revision recorded a guideline value of Rs 134 per sq.ft, marking a significant increase of 49% to the 2023 figure. The 2012 revision also set the value at Rs 200 per sq.ft, indicating a decrease of 33% when compared to the 2017 revision.

Overall, from the 2012 revision to the 2024 revision, the guideline value has not changed, remaining at Rs 200 per sq.ft. It is important to note that there are no figures available in the register for the years 2002, 2003, and 2007 for this street.

Guideline values in Kolapalore

In Kolapalore, there are 67 streets under the Gobichettipalayam Joint I SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 200 per sq.ft, with a median also at Rs 200 per sq.ft. Balaji Nagar's 2024 figure is equal to this median.

• Arasappan Street: Rs 200 per sq.ft (2024)
• Angampalayam Street: Rs 200 per sq.ft (2024)
• Amman Nagar: Rs 200 per sq.ft (2024)
• Amman Kovil Pathi: Rs 200 per sq.ft (2024)
• Ambross street: Rs 200 per sq.ft (2024)
• Cheyyampalayam: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Balaji Nagar

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Balaji Nagar?

The Sub Registrar Office that covers Balaji Nagar is the Gobichettipalayam Joint I Sub Registrar Office, located at Integrated Registration Office, No.81, Old Hospital Street, Near Market, Gobichettipalayam-638452, Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Kolapalore

The guideline value is a critical factor in determining the registration charges when buying or selling property in Kolapalore. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties. This ensures that all transactions are fairly assessed according to the established values in the region.

Frequently asked questions

What is the current guideline value of Balaji Nagar?

The current guideline value of Balaji Nagar is Rs 200 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has seen several changes: it was Rs 200 per sq.ft in 2023 and 2012, Rs 134 per sq.ft in 2017, with increases and decreases noted between these revisions.

What is the land classification for Balaji Nagar?

Balaji Nagar is classified as Residential Special Type - I, which indicates its zoning for residential purposes.

Where can I find the Sub Registrar Office for Balaji Nagar?

The Sub Registrar Office for Balaji Nagar is the Gobichettipalayam Joint I Sub Registrar Office, located at Integrated Registration Office, No.81, Old Hospital Street, Near Market, Gobichettipalayam-638452, Coimbatore registration zone.

How is the stamp duty calculated for properties in Balaji Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at Rs 200 per sq.ft would incur a total stamp duty and registration fee of Rs 18,000.